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Jan 27, 2012
01/12
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economy is a main driver of growth for japan's economy, as we know. back to you. >> thanks a lot for that update. now as he said, japanese appliance maker, nec, says it will cut 10,000 jobs globally as it forecasts a full year loss. that's about 10% of the total work force. nec says the company's business results for the fiscal year through march will plunge to show a loss of about $1.3 billion. the previous estimate was a profit of $193 million. the company expects a loss because sales suffered in the aftermath of the recent thai floods forcing local plant to shut down. sluggish demand for mobile phones also a factor. nec president endo said on thursday the planned job cuts include about 5,000 nec corporation employees and 5,000 at affiliated firms and sub contractors. endo went onto say the company had no option but to cut jobs. >> translator: we were hit hard by the floods in thailand, the march disaster and also the european debt crisis. we may face extreme difficulties if we don't take action now. >> nec is not alone in the electronics industry i
economy is a main driver of growth for japan's economy, as we know. back to you. >> thanks a lot for that update. now as he said, japanese appliance maker, nec, says it will cut 10,000 jobs globally as it forecasts a full year loss. that's about 10% of the total work force. nec says the company's business results for the fiscal year through march will plunge to show a loss of about $1.3 billion. the previous estimate was a profit of $193 million. the company expects a loss because sales...
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Jan 26, 2012
01/12
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economy, what else is expected for the remainder of the week? >> we have key weekly jobless claims numbers later today and as you were mentioning there, also tomorrow will be a key focus on fourth quarter gdp to see how fast the u.s. economy was growing late last year. >> still some key events for investors to watch out for. >> definitely, a lot of the asian indexes closed this week for chinese lunar new year, a lot of market direction has been coming from the u.s., not only from economic data but also from earnings. for now, the nikkei and topix slightly mixed this thursday morning. back to you. >> all right, looks like the nikkei and topix are in negative territory. ramin from the tokyo stock exchange. >>> looking now at the movements in the european government bond market, the price of the portuguese hit a ten-year low. the price climbed to the 15% level at one point, selling pressure increased on portugal's sovereign debt. the country received a bailout package last year. meanwhile, the ten-year bond yield of italy traded at the lower 6% lev
economy, what else is expected for the remainder of the week? >> we have key weekly jobless claims numbers later today and as you were mentioning there, also tomorrow will be a key focus on fourth quarter gdp to see how fast the u.s. economy was growing late last year. >> still some key events for investors to watch out for. >> definitely, a lot of the asian indexes closed this week for chinese lunar new year, a lot of market direction has been coming from the u.s., not only...
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Feb 1, 2012
02/12
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and also lower import prices affecting japan's economy. all of these put together, it could really be a point where we might see some market intervention. of course, we're going to look out for that. ai? >> indeed. with the greek situation making the safe haven yen more attractive, some may expect action sooner rather than later by japanese authorities. >> we will keep tabs on the currency markets. you have seen the shift with the euro yen and how that will play into stocks, especially exporters and amongst all of the earnings we're going to see, as i mentioned, key earnings coming out later on, sharp being one of the major exporters. for now, back to you. >> ramin, seeing flat movements on the stock market as of now. ramin mellegard from the tokyo stock exchange. >>> the european union says it will investigate whether south korea samsung electronics breached antitrust rules by accusing rivals infringing on technology patents. they notified samsung and regulating authorities in member countries it launched a formal investigation. the europ
and also lower import prices affecting japan's economy. all of these put together, it could really be a point where we might see some market intervention. of course, we're going to look out for that. ai? >> indeed. with the greek situation making the safe haven yen more attractive, some may expect action sooner rather than later by japanese authorities. >> we will keep tabs on the currency markets. you have seen the shift with the euro yen and how that will play into stocks,...
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Mar 1, 2012
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that will give another insight into the world's second biggest economy as well. ai? >> and ramin, i wanted to ask you, ben bernanke yesterday seemed to suggest the recent data we've been seeing shows a better trend. >> yeah, definitely. you've seen that in a lot of economic data in the u.s. from jobs, manufacturing, housing, and there was some suggestion there that economic numbers were better, which means investors, we did see a reaction there, the dollar bounced a touch, meaning the investors were thinking the f.e.d. may not be as many bonds, which would weaken the dollar. they stepped in to buy the green back, which helps the yen as it trends to be weaker. of course, domestically, japan is counting down to the one-year anniversary of the march 11th disaster, which had a huge effect on japan but also the global economy, highlighting japan's major influence for the global economy, so we'll keep track of all of that, but for now, the nikkei and topix trading higher on march 1st, back to you. >> thanks for that update, ramin. >>> the european central bank is providing
that will give another insight into the world's second biggest economy as well. ai? >> and ramin, i wanted to ask you, ben bernanke yesterday seemed to suggest the recent data we've been seeing shows a better trend. >> yeah, definitely. you've seen that in a lot of economic data in the u.s. from jobs, manufacturing, housing, and there was some suggestion there that economic numbers were better, which means investors, we did see a reaction there, the dollar bounced a touch, meaning...
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Jan 12, 2012
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. >> french data indicates europe's biggest economy got smaller in the fourth quarter of 2011. ♪ >> we began in syria, where an attack on a crowd in the city of homs has reportedly killed at least nine people, including a french tv reporter. homs is considered an opposition stronghold. but there was a pro-government demonstration attended by foreign journalists. an arab league monitor resigned, calling his mission a farce. and the syrian president made a rare public appearance in the capital damascus. >> the city of homs was once again and the scene of blood shed on wednesday. at least seven people were killed, including this camera man. he was working for french state television and was among the few journalists who had recently been allowed by authorities to enter the country. he is the first western journalist to be killed in the unrest since it began 10 months ago. in damascus, president assad spoke to thousands of supporters in the center of the city. he blamed the violence in his country on foreign conspirators plotting to end his rule. he insisted he had the trust of the syrian
. >> french data indicates europe's biggest economy got smaller in the fourth quarter of 2011. ♪ >> we began in syria, where an attack on a crowd in the city of homs has reportedly killed at least nine people, including a french tv reporter. homs is considered an opposition stronghold. but there was a pro-government demonstration attended by foreign journalists. an arab league monitor resigned, calling his mission a farce. and the syrian president made a rare public appearance in...
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Feb 25, 2012
02/12
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should be coming from both the emerging economies and the u.s. that is where the company has based its research on genetically engineered crops. >> regardless of all optimistic assumptions, basf is especially keen on a solution in the european debt crisis. up to this day, basf is generating more than half of its earnings here in europe. >> onto friday's market action, shares in frankfurt snapped their three-day losing streak to go into the weekend on a positive note, encouraging corporate news and better than expected data from the u.s. real-estate sector lifted investments and it -- investor sentiment. our correspondence sent us the story from the frankfurt stock exchange. >> record high sales numbers and profits and a far higher dividend did not go down too well on the frankfurt floor. volkswagen shares have been among the few losers this friday. they lost by nearly 1% this day. traders said that they doubt that vw will be able to keep the pace that's it had in the last few years, and they also said that the outlook has been more or less gloomy
should be coming from both the emerging economies and the u.s. that is where the company has based its research on genetically engineered crops. >> regardless of all optimistic assumptions, basf is especially keen on a solution in the european debt crisis. up to this day, basf is generating more than half of its earnings here in europe. >> onto friday's market action, shares in frankfurt snapped their three-day losing streak to go into the weekend on a positive note, encouraging...
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Mar 3, 2012
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ahmadinejad is under pressure from political rivals, especially over his handling of the economy. he hopes the election will bolster his support in parliament and at the same time strengthen his position against ayatollah ali khamenei. iran's supreme leader sees ahmadinejad as trying to reduce the influence of the ruling clerics. they have the final say in almost all political decisions. to keep it that way, the guardian council will that its power long before voting began, letting candidate -- vetting candidates and barring some established loyalists, forcing him to pick younger political unknowns. the power struggle could intensify after the parliamentary elections. lawmakers have summoned ahmadinejad to answer questions on his handling of the economy, a process that could end in his impeachment. whatever iran's new parliament looks like, it is unlikely to represent the will of the people. >> the will of the people was heard in geneva when you're ago when it became the first nation to topple its government and set off the wave of arab spring of presence. now the countries trying
ahmadinejad is under pressure from political rivals, especially over his handling of the economy. he hopes the election will bolster his support in parliament and at the same time strengthen his position against ayatollah ali khamenei. iran's supreme leader sees ahmadinejad as trying to reduce the influence of the ruling clerics. they have the final say in almost all political decisions. to keep it that way, the guardian council will that its power long before voting began, letting candidate --...
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May 23, 2012
05/12
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it predicts spain's economy and others will continue contracting for the foreseeable future. it sees eurozone nations grappling with a dangerous mix of high deficits, nonexistent growth, and the vulnerable financial sector. the oecd believes the chances of a severe recession is growing. >> things have begun to deteriorate again recently, so we cannot rule out the development of a downside scenario, which if ignited, could lead to serious repercussion worldwide. >> the oecd is urging the european central bank to resume buying up government bonds of troubled eurozone states, and it has added its voice to calls for jointly guaranteed eurobonds. france also wants eurobonds, but germany remains opposed. eu leaders have much to talk about at their summit on wednesday. >> it is still unclear who will represent greece at future eu summits. the election was inconclusive, which means greek voters will be headed back to the ballot box the middle of next month. rebels showed the radical left party, could come out on top. they want to scrap the austerity measures attached to the new bailo
it predicts spain's economy and others will continue contracting for the foreseeable future. it sees eurozone nations grappling with a dangerous mix of high deficits, nonexistent growth, and the vulnerable financial sector. the oecd believes the chances of a severe recession is growing. >> things have begun to deteriorate again recently, so we cannot rule out the development of a downside scenario, which if ignited, could lead to serious repercussion worldwide. >> the oecd is urging...
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Mar 6, 2012
03/12
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, and also exposure for a lot of sectors for japan's economy as well. heavy industry and export sectors. let's look at how the nikkei and topix are kicking off this morning. both indexes are trading higher. we are back above 9700 level. we closed below that yesterday first time in a week. markets just taken a little step back after substantial gains we have seen so far this year. china's lowering of growth estimate sent some indexes low. we saw a slip in stocks with heavy exposure to china's growth in japan, such as construction machinery and also the steel companies as well. we keep track of those sectors as well. on a positive note for retail sector, we were keeping track of retailing. they're going to increase overseas stores and sales and expects further, bigger portion of sales to come from its overseas operations, even than domestic operations. we'll keep track of that sector as well. switching to currency markets, yen holding a little firm this week ahead of a couple key events in europe. we have european central bank and also agree bond swap dea
, and also exposure for a lot of sectors for japan's economy as well. heavy industry and export sectors. let's look at how the nikkei and topix are kicking off this morning. both indexes are trading higher. we are back above 9700 level. we closed below that yesterday first time in a week. markets just taken a little step back after substantial gains we have seen so far this year. china's lowering of growth estimate sent some indexes low. we saw a slip in stocks with heavy exposure to china's...
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Jul 19, 2012
07/12
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in addition, many african countries want to develop their economies and not just become suppliers of natural resources. at the meeting in beijing, the south african president recalled africa's negative experience with european colonization. >> the final mountain stage of the tour de france has ended with race leader bradley wiggins dealing another blow to his rivals. spaniard alejandro valverde won the stage, his first win in the tour. >> london has been years preparing for the olympics, building a number of new venues and sprucing up some old ones. >> the government and the london organizing committee hope that the billions spent on sporting facilities will leave a lasting legacy for future generations. >> that will be an important test of the games' success for britain, given how much the cost of the event have spiraled. >> the olympics are coming, and for london 2012, britain has released lashed out. it has invested about 8.7 billion euros in the venues alone. many are in the olympic park in east london. the site has been built from scratch, and the expense that has gone into the
in addition, many african countries want to develop their economies and not just become suppliers of natural resources. at the meeting in beijing, the south african president recalled africa's negative experience with european colonization. >> the final mountain stage of the tour de france has ended with race leader bradley wiggins dealing another blow to his rivals. spaniard alejandro valverde won the stage, his first win in the tour. >> london has been years preparing for the...
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Mar 7, 2012
03/12
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our economy is getting stronger. that is why we can look toward a promising future. >> obama is presenting himself as the savior of the american economy. he makes the case that his bailout of the auto industry was a success and plays up republican opposition to that policy. events seem to have proved him right. general motors is profitable again, as is chrysler. in obama's campaign headquarters in chicago, work on strategy goes deep into the night. one big question is how to mobilize democratic voters in ohio, florida, and virginia. their neck and neck with republicans in the states. at the same time, organizers and volunteers from the 2008 campaign are regrouping. in washington, d.c., alone, there are 12,000, many of them young. >> once the republicans choose their nominee, i think most of, if not all, will close ranks and give behind president to support him again. >> obama can only win if he can convince young people, women, and minorities to vote for him. analysts at the kato institute say he has work to do. >> t
our economy is getting stronger. that is why we can look toward a promising future. >> obama is presenting himself as the savior of the american economy. he makes the case that his bailout of the auto industry was a success and plays up republican opposition to that policy. events seem to have proved him right. general motors is profitable again, as is chrysler. in obama's campaign headquarters in chicago, work on strategy goes deep into the night. one big question is how to mobilize...
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Jan 13, 2012
01/12
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they want to avoid any adverse impact to the economy. they say international cooperation is necessary to stop tehran's nuclear program. today, we get 10% of oil from iran. authorities believe it is possible to secure oil from other exporters. still, government leaders say the ban could cause oil prices to surge in the short term and place a heavy burden on japanese corporations and households. they plan to study ways to reduce oil imports from iran, and request the u.s. allow exceptions for japan under certain conditions. >>> and that's all for this edition of "newsline." i'm catherine kobayashi in tokyo. do stay with us. we will have more updates at the we will have more updates at the top of next hour. -- captions by vitac -- www.vitac.com
they want to avoid any adverse impact to the economy. they say international cooperation is necessary to stop tehran's nuclear program. today, we get 10% of oil from iran. authorities believe it is possible to secure oil from other exporters. still, government leaders say the ban could cause oil prices to surge in the short term and place a heavy burden on japanese corporations and households. they plan to study ways to reduce oil imports from iran, and request the u.s. allow exceptions for...
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Mar 26, 2012
03/12
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they seem confident the economy is now recovering. after a dip last year, the index is up for the fifth month in a row. but the head of the organization that carried out the survey said the upswing is losing some of its momentum. the increase is smaller than last month's. >> employment has had a big boost from the development of the low wage sector. because of the crisis, german investors do not dare invest their money abroad. >> that means more german money is being invested at home, and real estate in particular. >> the positive mood was reason for traders to be cheerful. in frankfurt, we get this wrapped up of the day's trading action. >> the ongoing good mood in german companies boy at the market's. traders celebrated the unexpected rise of the ifo index. the dax had a positive stop for the week. another driver was the chairman of the federal reserve, and suggested the world bank continue with further monetary help. another manufacturer reached an all-time high. >> looking at those figures for you -- the blue-chip dax was at an al
they seem confident the economy is now recovering. after a dip last year, the index is up for the fifth month in a row. but the head of the organization that carried out the survey said the upswing is losing some of its momentum. the increase is smaller than last month's. >> employment has had a big boost from the development of the low wage sector. because of the crisis, german investors do not dare invest their money abroad. >> that means more german money is being invested at...
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Aug 15, 2012
08/12
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. >> in a moment, we will be looking at how germany's economy keeps defying the eurozone debt crisis. >> but first, here is a look at some of the other stories making the news. the city in northern france has been cleaning up today r today youthiots overnight caused considerable destruction -- cleaning up today after youth riots caused considerable destruction. the president said the government mode -- the government would mobilize resources to combat the violence. >> in turkey, police and kurdish protesters have clashed during demonstrations in the southeast of the country. these couples came a day before kurdish rebels marked the anniversary of the start of their armed struggle for autonomy. since 1984, the conflict has claimed some 40,000 lives. >> and scientists in japan have found what they're calling severe abnormalities in butterflies collected near the fukushima nuclear power plant. the mutant insects that damage ties as well as abnormal legs and wings when compared to samples not exposed to radiation. scientists have warned that it could be decades before the contaminated are
. >> in a moment, we will be looking at how germany's economy keeps defying the eurozone debt crisis. >> but first, here is a look at some of the other stories making the news. the city in northern france has been cleaning up today r today youthiots overnight caused considerable destruction -- cleaning up today after youth riots caused considerable destruction. the president said the government mode -- the government would mobilize resources to combat the violence. >> in...
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Aug 14, 2012
08/12
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. >> and while the german economy is still growing, the growth is slowing at an alarming rate. >> welcome. the syrian government is collapsing, morally, financially, and militarily. those are the words of the former syrian prime minister who defected to jordan last week. >> in syria, fighting has intensified in two main cities, damascus and aleppo, after rebels claimed they gunned down a government jet and captured the private. the attack is said to have occurred in one of the more remote areas under complete rebel control. >> in aleppo, the battle for dominance and the truth continues. this unconfirmed footage claims to show a rebel fighter who says he and his comrades have pushed assad's troops out of all 0h's old town. he says they took out two regime tanks and killed 40 soldiers the day before. there is no way of verifying the claim, even if the former syrian prime minister, speaking in exile in jordan, also says the rebels have the upper hand. >> i assure you from my experience and the position i used to fill that the regime is collapsing, psychologically, financially, economically,
. >> and while the german economy is still growing, the growth is slowing at an alarming rate. >> welcome. the syrian government is collapsing, morally, financially, and militarily. those are the words of the former syrian prime minister who defected to jordan last week. >> in syria, fighting has intensified in two main cities, damascus and aleppo, after rebels claimed they gunned down a government jet and captured the private. the attack is said to have occurred in one of the...
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Jan 10, 2012
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economy drai trade ministry spokes men plan to launch an online system. about 40 distribution firms will cooperate to maintain a nationwide inventory. that's expected to allow local and central governments to quickly assess the amount of available stock in each region. >> translator: the system will help predict when and where supplies can be shipped, allowing central and local governments to respond to shortages ahead of time. >> the national database is expected to be launched before the end of this year. >>> in the aftermath of the march 11 disaster, survivors in urgent need of food, shelter and basic supplies. even now, they still require help, but the needs have changed. support groups refocussed their aid. >> a photo shoot in miyagi. it looks like a wedding day. the smiling couples are disaster survivors and the cake was eaten some time ago. in all, 24 couples turned up to re-enact the key day in their lives and replace precious photographs lost in the disaster. the photo session was organized by a nonprofit group that mainly supports children in fo
economy drai trade ministry spokes men plan to launch an online system. about 40 distribution firms will cooperate to maintain a nationwide inventory. that's expected to allow local and central governments to quickly assess the amount of available stock in each region. >> translator: the system will help predict when and where supplies can be shipped, allowing central and local governments to respond to shortages ahead of time. >> the national database is expected to be launched...
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May 24, 2012
05/12
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the economy is struggling, of course. >> the economy. the security. if you are secure on the street, you cannot enhance your economy. >> many thanks for joining us on election day in egypt. in a minute, we will be taking a look about a big new exhibition on a giant of the renaissance. >> but first, some other stories making news around the world. saudi arabia has pledged $3.75 billion to help its struggling neighbor, yemen. they said the money will help you may contain a growing al qaeda threat and tackle poverty. the pledge came at an international donors' meeting in the saudi capital and complements saudi arabia's ongoing contributions of oil and military supplies to yemen. >> the world health organization says spikes in radiation levels in japan after the fukushima disaster were too low to cause cancer -- in most parts of the country, that is. a town 20 miles from the reactors as residence that you appear to be at a high risk of developing thyroid cancer. >> thousands of people have taken to the streets of burma's biggest city to protest against ou
the economy is struggling, of course. >> the economy. the security. if you are secure on the street, you cannot enhance your economy. >> many thanks for joining us on election day in egypt. in a minute, we will be taking a look about a big new exhibition on a giant of the renaissance. >> but first, some other stories making news around the world. saudi arabia has pledged $3.75 billion to help its struggling neighbor, yemen. they said the money will help you may contain a...
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Sep 1, 2012
09/12
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economy is so weak that it is hardly creating any jobs. the fed's next policy meeting is september 1 analysts expect a decision on a third round of quantitative easing. those statements from ben bernanke and the prospect of further quantitative easing in the u.s. put investors into a positive mood on the last day of the trading week. our markets correspondence has more. he sends us this report from the frankfurt stock exchange. >> the doors for more quantitative easing in the united states remain open. this is what the market mix of the statements of ben bernanke, the fed chairman, in jackson hole, wyoming. his speech caused the stock market in frankfurt to end this last trading day of the week on the upside. the euro also was again up on statements by the french ecb director, fuelling speculation that next week would be -- bring a major plan by the european central bank, a plan which hopefully supports the government's in the eurozone to come to an end of the euro crisis -- the governments in the eurozone. >> the dax closed the day up ove
economy is so weak that it is hardly creating any jobs. the fed's next policy meeting is september 1 analysts expect a decision on a third round of quantitative easing. those statements from ben bernanke and the prospect of further quantitative easing in the u.s. put investors into a positive mood on the last day of the trading week. our markets correspondence has more. he sends us this report from the frankfurt stock exchange. >> the doors for more quantitative easing in the united...
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Jan 24, 2012
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economy, ai. >> it will be a major topic heading into the elections. >> definitely. we're going to see how all of that plays into japanese markets as well. as i said, not too much direction from asian indexes this week. that's all for now. back to you. >> thanks a lot for that. that was ramin mellegard from the tokyo stock exchange. >>> let's also look at other market figures now. >> that's the latest in business. back to catherine. >> thanks very much. >>> a team of experts from the international atomic agency has gun to review results of the safety tests for two halted nuclear reactors. the team is to inform the government about whether the results and the test methods were appropriate. the ten-member team started a nine-day inspection on monday. the experts are to examine the results of computer simulations for the reactors at the nuclear plant in central japan to determine whether the tests were carried out in line with the international standards. >> and the objective of the mission o'is to review the safety review process for the safety of existing power reacto
economy, ai. >> it will be a major topic heading into the elections. >> definitely. we're going to see how all of that plays into japanese markets as well. as i said, not too much direction from asian indexes this week. that's all for now. back to you. >> thanks a lot for that. that was ramin mellegard from the tokyo stock exchange. >>> let's also look at other market figures now. >> that's the latest in business. back to catherine. >> thanks very much....
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Aug 24, 2012
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largest economy. germany has also put up guarantees, but that is not all. the european central bank has been buying up greek sovereign bonds as well. it has paid for 13 billion euros worth of those bonds with german taxpayer money. berlin is also guaranteeing international monetary fund payments to athens to the tune of 3 billion euros. and the greek central bank's outstanding payments to germany's bank come to a hefty 30 billion euros. together, germany stands to lose $83 billion in the event of a greek sovereign default. statistically, that would cost everyone in germany almost a month's pay for a cashier in a supermarket, and it represents some 33% of the government's annual revenue. >> the finance minister would have funding gaps in those years in which repayments would be due. of course, earnings on interest would cease immediately, which could lead to fresh borrowing under certain circumstances. or there could be fresh spending cuts. >> that is why many germans are skeptical about what is going
largest economy. germany has also put up guarantees, but that is not all. the european central bank has been buying up greek sovereign bonds as well. it has paid for 13 billion euros worth of those bonds with german taxpayer money. berlin is also guaranteeing international monetary fund payments to athens to the tune of 3 billion euros. and the greek central bank's outstanding payments to germany's bank come to a hefty 30 billion euros. together, germany stands to lose $83 billion in the event...
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Mar 28, 2012
03/12
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cuba is really hurtling towards a free-market economy. the pope's goal is to try to help it make a soft landing. >> the economic reality is one thing. the political reality in cuba is another. there are still lots of political dissidents in the country. what is interesting about this visit -- the pope is not meeting with dissidents such as the ladies in white. what is your reading? >> you are right in saying that the forms are economic rather than political. the pope is really saying in terms of the soft landing i was talking about, they need to be accompanied by also political reforms -- human rights and freedoms. but at the same time, while encouraging the castro regime to reform, to go along the path it has already started on, he is being cautious not to provoke the stalinist within the regime, which could cause the regime to stifle the reform process. part of that i think is the reason why he does not want to meet with dissidents directly. but it is a gamble and a strategy that may backfire. >> but he did meet with fidel castro, a ver
cuba is really hurtling towards a free-market economy. the pope's goal is to try to help it make a soft landing. >> the economic reality is one thing. the political reality in cuba is another. there are still lots of political dissidents in the country. what is interesting about this visit -- the pope is not meeting with dissidents such as the ladies in white. what is your reading? >> you are right in saying that the forms are economic rather than political. the pope is really...
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Nov 13, 2012
11/12
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showed exports growing 11.6% was a boost there suggesting a turnaround there for the second biggest economy of the world. i'll see how it affects the nikkei today. there's also signs of growth in the u.s. as well. and if leaders there should avoid a fiscal cliff, though we could be getting positive sentiment into the year end. that's a very big focus for financial markets globally as well. domestic issues here in focus. a spat with the political infighting creating a fiscal cliff in japan as well. but investors may get a bit of a breather. party leaders look like they might reach an agreement to allow the government to issue debt covering bonds. and that'll help towards their budget. gdp data on monday in japan showed japan's output shrank 0.9% as well. we'll keep track of that. let's go to the yen. a big issue of course here in japan. 79.47-62. not that much change, but the yen remaining relatively strong. euro/yen 101.14-18. sentiment in the u.s., china. as well as a possible deficit financing bill here in japan, there's still the key matter of earnings. we're not through yet. we're going
showed exports growing 11.6% was a boost there suggesting a turnaround there for the second biggest economy of the world. i'll see how it affects the nikkei today. there's also signs of growth in the u.s. as well. and if leaders there should avoid a fiscal cliff, though we could be getting positive sentiment into the year end. that's a very big focus for financial markets globally as well. domestic issues here in focus. a spat with the political infighting creating a fiscal cliff in japan as...
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Jan 24, 2012
01/12
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the spanish economy made it back into recession this year. the bank of spain estimates of gdp will contract by 1.5%, putting more pressure on the country's already high unemployment. that jobless rate could soar to nearly 24%, according to estimates. spain may have to wait until 2013 before the economy is growing again. by what is expected to be only a modest 0.2%. rim as a new ceo. it says that its co-founders will step down from the ceo post. taking over will be thorsten heins of germany. he joined rim in 2007 and has a big job ahead of him as he tries to bring the cool back to the blackberry. the market value has plummeted by tens of billions of dollars in recent years, and new phones it deemed critical to its future have been delayed. well, he is accused of costing the entertainment industry millions, but the founder of the file-sharing service megaupload has denied charges against him, which include internet piracy and money laundering. kim dotcom of germany asked the new zealand court to release him on bail, but the prosecutor at the en
the spanish economy made it back into recession this year. the bank of spain estimates of gdp will contract by 1.5%, putting more pressure on the country's already high unemployment. that jobless rate could soar to nearly 24%, according to estimates. spain may have to wait until 2013 before the economy is growing again. by what is expected to be only a modest 0.2%. rim as a new ceo. it says that its co-founders will step down from the ceo post. taking over will be thorsten heins of germany. he...
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Nov 14, 2012
11/12
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spain's economy is set to shrink by another 1.5% this year. there were similar scenes in several metro stations where hundreds of protesters face rows of officers. metro services have been largely suspended, and only 20% of long- distance trains are running. schools and many shops are also shut down. spain's general workers union says the nationwide stoppage is being observed by nearly all workers in the automobile, energy, shipbuilding, and construction industries. >> they are taking all our rights away -- all our rights. the banks and other business people are bringing us onto the streets. they are stealing our salaries. we do not have any rights anymore. >> hundreds of flights have been canceled across europe. in the portuguese capital, lisbon, many face long waits with nearly half of all flights canceled. >> we arrived at 9:00 in the morning, and we have to wait until 9:00 in the evening. public transport is not working, either, so we are stuck. it is a shame. >> access to ferry service has also been blocked. >> we are witnessing the bigge
spain's economy is set to shrink by another 1.5% this year. there were similar scenes in several metro stations where hundreds of protesters face rows of officers. metro services have been largely suspended, and only 20% of long- distance trains are running. schools and many shops are also shut down. spain's general workers union says the nationwide stoppage is being observed by nearly all workers in the automobile, energy, shipbuilding, and construction industries. >> they are taking all...
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Jun 25, 2012
06/12
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not an easy date for the eurozone fourth largest economy. >> spain was not alone in seeking help. cyprus is now looking for money to bail out its banks. it is heavily exposed to greek sovereign debt. >> cyprus will become the fifth to ask for a bailout to prop up their banks. the system is closely tied to that of greece. the rating agency's fitch has reduced them to junk status. they put it at $4 billion. it released brussels -- it reached in brussels on saturday. spain will seek favorable conditions like those awarded to greece, ireland, and portugal. that would include 15 years to repay the loan. the low-interest rate under 4% with no repayment required in the first five years. >> this will be decisive step towards but improving credit worthiness. we will do everything we can to restore confidence in the euro. >> the spanish banks are weighted down by bad debts following the collapse of the real-estate market. it is designed to prevent a banking crisis. >> and just how worried are officials in brussels? nina joins us from brussels. the weakness in spanish banks haven't been goin
not an easy date for the eurozone fourth largest economy. >> spain was not alone in seeking help. cyprus is now looking for money to bail out its banks. it is heavily exposed to greek sovereign debt. >> cyprus will become the fifth to ask for a bailout to prop up their banks. the system is closely tied to that of greece. the rating agency's fitch has reduced them to junk status. they put it at $4 billion. it released brussels -- it reached in brussels on saturday. spain will seek...
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Feb 16, 2012
02/12
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iran has been looking for ways to impact the eu economies. actions include stopping the export of oil to some nations before they can find other sources. oil investors are keeping a close eye on what measures iran will take to deal with the eu oil embargo. separately, the euro zone is expected to finalize a bailout package for greece on monday. the president says he is confident all necessary decisions will be made when the euro zone finance ministers meet next week. the ministers held a telephone conference on wednesday. they had planned to actually meet but decided to postpone it, saying greece needs to satisfy all conditions before receiving more financial support. after the conference call, the prime minister of luxemburg released a statement, a written pledge by the ruling coalition parties they will execute austerity measures. the statement also calls for further discussion on how to ensure greece will be able to conduct fiscal reform and repay its debts. still, the dow jones fell on wednesday, after two days of gains, signaling concern
iran has been looking for ways to impact the eu economies. actions include stopping the export of oil to some nations before they can find other sources. oil investors are keeping a close eye on what measures iran will take to deal with the eu oil embargo. separately, the euro zone is expected to finalize a bailout package for greece on monday. the president says he is confident all necessary decisions will be made when the euro zone finance ministers meet next week. the ministers held a...
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Feb 8, 2012
02/12
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economy, and a lot of demand for fuel efficient cars, which toyota is a global market leader with its prius model. so again, a lot of focus on the outlook and the rest of the fiscal year going forward. but we're not out of the woods yet. still to come later today, nissan. that will round it up for japanese automakers. nissan earnings after the bell today. back to you, ai. >> we'll keep our eyes on that. ramin mellegard from the tokyo stock exchange. thanks for that update. >>> current account figures from here in japan just in. the strong yen, european debt worries and flooding in thailand all contributed to the drop in the current account surplus for ten consecutive months. japan finance ministry says the current account surplus plunged 74% to about $4 billion. in detail, the trade balance registered a daut of about $2 billion. exports fell 7%, and imports were up about 10%. meanwhile, the current account surplus for 2011 was also down to about $125 billion. that's a decrease of nearly 44% from a year earlier. >>> let's look at where markets are trading this hour. >>> that's the late
economy, and a lot of demand for fuel efficient cars, which toyota is a global market leader with its prius model. so again, a lot of focus on the outlook and the rest of the fiscal year going forward. but we're not out of the woods yet. still to come later today, nissan. that will round it up for japanese automakers. nissan earnings after the bell today. back to you, ai. >> we'll keep our eyes on that. ramin mellegard from the tokyo stock exchange. thanks for that update. >>>...
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May 3, 2012
05/12
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but the madrid government itself has calculated that this means the economy will probably shrank by 1.7% this year. many spaniards feel that their country will be stuck in recession for a long time. >> ecb president mario draghi's calls for politicians to boost growth in the eurozone have been well-received in barcelona. many in spain believe that the only way to poll the country out of recession is to focus on investment, not budget cuts. >> let's see how the ecb's decision to hold rates steady when down on the frankfurt stock exchange. uli is there. >> nobody really in earnest expected a rate change, a rate drop here on the frankfurt floor. when the european social bank announced exactly the decision, unchanged rates, the mood did change though. people were disappointed, especially when they heard that mario draghi said he and his colleagues had not even discussed the rate change during the council meeting. and they were alarmed when they heard him and his assessment of the eurozone economy that there was still a problem out there. add to that some disappointing u.s. economic data that
but the madrid government itself has calculated that this means the economy will probably shrank by 1.7% this year. many spaniards feel that their country will be stuck in recession for a long time. >> ecb president mario draghi's calls for politicians to boost growth in the eurozone have been well-received in barcelona. many in spain believe that the only way to poll the country out of recession is to focus on investment, not budget cuts. >> let's see how the ecb's decision to hold...
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Apr 4, 2012
04/12
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holding them at 1% ahead of the ecb warned of downside risks to the economy. >> he says it will take time to see the full impact of the operations to help the banks avoid the credit crunch. >> ecb president mario draghi continues to express concern about europe's short-term economic outlook. he says the central bank's low- interest rate policy will remain in place for these foreseeable future. mario draghi hopes the low rates will provide a boost, especially in europe's most troubled economies. >> downside risks to the economic outlook prevail. they relate in particular to a renewed intensification of tensions in the debt markets and their potential spillover to the euro area real economy. >> worries about spain persist. at a bond auction wednesday, it had difficulty attracting buyers for its debt, meaning it had to pay more than expected to bar fresh capital, another sign of the wide concern about the ability to resolve the financial crisis. >> warnings from the c.p. president coupled with weak regional economic data put downward pressure on the markets. let's go to our frankfurt co
holding them at 1% ahead of the ecb warned of downside risks to the economy. >> he says it will take time to see the full impact of the operations to help the banks avoid the credit crunch. >> ecb president mario draghi continues to express concern about europe's short-term economic outlook. he says the central bank's low- interest rate policy will remain in place for these foreseeable future. mario draghi hopes the low rates will provide a boost, especially in europe's most...
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Sep 7, 2012
09/12
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economy a boost. investors bought stocks the day after the investments of the ecb president on monetary policy for the eurozone. >> conrad for us in frankfurt. let's take a close look at friday's numbers. dax finishing at 7214. across the atlantic, the dow jones is flat at this hour. the euro looking stronger against the dollar trading at $1.2792. >> the faltering world economy is not enough to slow down german export growth. the federal statistics office reported a 9% year-over-year increase for july. >> exports to countries outside of europe for particularly strong. they had anticipated lower growth in july but the value of german goods and services exceeded the value of imports by nearly 17 billion euro. canada has severed diplomatic ties with iran. the former -- the foreign minister said iranian diplomats have of five days to leave canada and he slammed their stance on israel and syria. the foreign affairs chief also expressed concerns about iran. those comments coming during an informal eu meetin
economy a boost. investors bought stocks the day after the investments of the ecb president on monetary policy for the eurozone. >> conrad for us in frankfurt. let's take a close look at friday's numbers. dax finishing at 7214. across the atlantic, the dow jones is flat at this hour. the euro looking stronger against the dollar trading at $1.2792. >> the faltering world economy is not enough to slow down german export growth. the federal statistics office reported a 9%...
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Feb 23, 2012
02/12
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they say sanctions would badly hurt their economy. both sides say they are now in the final stages of the talks. they are expected to exclude japan from the embargo on condition that it reduces its imports from iran. japan has cut oil shipments from the gulf state by an average of 11% annually over the past five years. u.s. government officials have already begun negotiating with congress on the request. >> translator: japan and the u.s. now have a deeper understanding on the embargo exemption. we hope to have the talks settled on time. >> japanese government leaders want the issue settled by the end of the month. they'll ask japanese firms to reduce imports of iranian crude if the exemption is allowed. >>> two journalists have been killed in artillery attacks by syrian government forces in homs, central syria. the french government and human rights groups in syria say veteran american war correspondent with britain's sunday times, marie culvin were killed on wednesday morning. they say the two were attacked while trying to flee a bom
they say sanctions would badly hurt their economy. both sides say they are now in the final stages of the talks. they are expected to exclude japan from the embargo on condition that it reduces its imports from iran. japan has cut oil shipments from the gulf state by an average of 11% annually over the past five years. u.s. government officials have already begun negotiating with congress on the request. >> translator: japan and the u.s. now have a deeper understanding on the embargo...
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Sep 16, 2012
09/12
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signs, experts say, the economy is rebounding from the recession and as with higher airfares, demand is driving up room rates. >> it's the first time that meter has moved in years, and so what we can say is the economy is getting healthier. it's good news. >> reporter: despite higher prices, travel from business to pleasure is up across the board. in new york city a record 50 million tourists made the big apple their destination last year. hotels are still competing for customers, and adding extra perks during the stay, but gone, say experts, are the days of bargain rates. >> the deals are still out there, but travel experts say there's been a big shift on how to get them. the best advice now, don't wait until the last minute. >> right now you want to book as far in advance as possible, so what we're seeing is people are booking two to four months in advance on average. holiday travel, for example, people are booking now. >> reporter: new rules, emily is starting to realize, as they continues her search for the right hotel at the right price. michelle franzen, nbc news, morning. >>>
signs, experts say, the economy is rebounding from the recession and as with higher airfares, demand is driving up room rates. >> it's the first time that meter has moved in years, and so what we can say is the economy is getting healthier. it's good news. >> reporter: despite higher prices, travel from business to pleasure is up across the board. in new york city a record 50 million tourists made the big apple their destination last year. hotels are still competing for customers,...
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Feb 21, 2012
02/12
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the chinese government lowered rates there, which means that the economy may remain in a broom. this is, of course, very good news for german exporters. not only german financial shares have been on to the recommended list, but also shares of german exporters like m.a.n. >> we stay in frankfurt for a closer look at the numbers. the blue-chp dax closed higher by nearly 1.5%. a new nine-month high. euro stoxx 50 climbing by 1.2%. u.s. markets are closed this monday for the presidents' day holiday. currency markets are open. the euro is trading higher, $1.30 two cents47. german political leaders are hailing a cross party agreement to appoint a 72-year-old pastor and human rights advocate as the country's next president. >> it is jaochim gauck, and he will be replacing christian wulff who resigned on friday. gauck will be the first former east german to occupied the many -- mainly ceremonial post. his nomination did generate some tensions in the government coalition. >> jaochim gauck, former east german civil rights activist and the next german president, has the support of nearly a
the chinese government lowered rates there, which means that the economy may remain in a broom. this is, of course, very good news for german exporters. not only german financial shares have been on to the recommended list, but also shares of german exporters like m.a.n. >> we stay in frankfurt for a closer look at the numbers. the blue-chp dax closed higher by nearly 1.5%. a new nine-month high. euro stoxx 50 climbing by 1.2%. u.s. markets are closed this monday for the presidents' day...
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Sep 25, 2012
09/12
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but the president has to consider the increasingly harsh domestic economy. western nations are restricting imports of iran's crude oil, the country's economic lifeline. this has caused the price of food and other necessities to more than double over the last ten months. >> translator: the government says it will cut the price of meat, but it's still expensive. >> translator: i can't get by because of the high inflation. >> reporter: iran is also under international military pressure. israel has previously launched preemptive strikes on neighboring countries it suspects of planning to build nuclear weapons. the united states and other nations are staging what some has called the largest ever joint military drill in the persian gulf. but ahmadinejad said there's still room for diplomatic negotiations. >> translator: our negotiating stance has been if western countries provide us with 20% enriched uranium, we have no intention of producing it. we have presented many proposals to western kocountriecountries. i hope they will remain at the negotiating table. >> r
but the president has to consider the increasingly harsh domestic economy. western nations are restricting imports of iran's crude oil, the country's economic lifeline. this has caused the price of food and other necessities to more than double over the last ten months. >> translator: the government says it will cut the price of meat, but it's still expensive. >> translator: i can't get by because of the high inflation. >> reporter: iran is also under international military...
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Feb 22, 2012
02/12
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economy, following some of the economic data we had, and also a little hope on fuller resolution to greece's debt problems. let's have a look at currency levels this wednesday morning. just looking at dollar yen, euro yen, yen is still weak there at the upper 79 yen level against the dollar, and 105. actually touched 106 yen at one point, euro yen. it backed off a touch. it is mid 105 levels. investors are a little cautious as to the full outcome of the greece second bailout package hammered out earlier this week. greece is coming up with elections in april, and some worries there about the new government also pulling through on the resolutions. ai? >> and about exporters, ramin, one thing that stood out in trade deficit numbers for japan the other day was a dip in exports to china. >> exactly. that's a little focus point as well. japan had the worst drop in exports to china since 2009, around 20% drop. also the follow through on that was drop in china's exports to eurozone countries because of the crisis going on there. a lot of japanese manufacturers selling to china were hurt because of t
economy, following some of the economic data we had, and also a little hope on fuller resolution to greece's debt problems. let's have a look at currency levels this wednesday morning. just looking at dollar yen, euro yen, yen is still weak there at the upper 79 yen level against the dollar, and 105. actually touched 106 yen at one point, euro yen. it backed off a touch. it is mid 105 levels. investors are a little cautious as to the full outcome of the greece second bailout package hammered...
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Feb 16, 2012
02/12
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yes, the economy here in germany contracted during last quarter of 2011, but the contraction was smaller than anticipated. in france, the gdp in the course of the last three months of 2011 even managed to grow. several earnings reports coming in from european companies managed to beat analyst expectations. puma, heineken prove that times at the exchange could be very pleasurable if we did not have the trouble related to the eurozone debt crisis. >> indeed. let's get a quick look at those market numbers for you, see how the markets went into the evening. in germany, the dax was up by almost 0.5%. euro stocks that the index up by about 0.25%. on wall street, you can see right there, trading almost down 1%. tensions running high in the german city of stuttgart. >> last night, police began locking down the site to make way for construction work. scuffles broke out with protesters who were trying to save scores of trees from the chain saws. >> we will have a full report on in just a moment, but first, here is a look at other stories this hour. opposition leaders in bahrain said over 120 prote
yes, the economy here in germany contracted during last quarter of 2011, but the contraction was smaller than anticipated. in france, the gdp in the course of the last three months of 2011 even managed to grow. several earnings reports coming in from european companies managed to beat analyst expectations. puma, heineken prove that times at the exchange could be very pleasurable if we did not have the trouble related to the eurozone debt crisis. >> indeed. let's get a quick look at those...